Pric Predictions 10/25: BTC, ETH, BNB, XRP, SOL, DOGE, ADA

BTC is seeing low trading volume, but prices suggest a spike in buying pressure amid the unfolding trend.

Nonetheless, BTC is edging closer to a third consecutive day of gains. On the 1-week scale, the asset is edging closer to ending the session with gains of almost 3%, marking its first green after two weeks of consistent decline.

The global cryptocurrency market cap is following a similar trajectory to BTC. It is edging closer to its third day of green candles and is experiencing a significant decline in trading volume.

Prior to the recent downtrend, Saturdays were marked by minimal volatility. However, over the last two weeks, this has changed. Nonetheless, current prices suggest the market is reverting to its previous trend, which may signal the end of the retracement.

However, indicators on the 4-hour chart suggest that the market may be edging closer to a correction following the increases over the last two days. Let’s see how assets in the top 10 will react.

BTC/USD

Bitcoin is trading at $111,517 at the time of writing. However, the 4-hour chart shows that it remained close to the mark for most of the day. Additionally, the candles are among the smallest on the chart.

Nonetheless, they suggest that the apex coin is gearing up for a breakout. The chart above shows that BTC began its uptrend on Wednesday after rebounding from a retest of the lower bollinger band. It slowly approached the upper band but faced rejection at $112k.

A closer look at the figure shows several instances when the apex coin retraced after testing the upper band. The same may happen in the coming days as BTC is trading close to the highlighted barrier. Additionally, its repeated failure to flip the $122,000 suggests dwindling upward momentum.

In the event of a correction, the apex coin may rebound around bollinger’s middle band at $110k. Nonetheless, the chart indicates a slim chance of a surge above $113k before the retracement.

ETH/USD

Ethereum opened Friday at $3,858 and broke above $4k. However, it failed to sustain the momentum, leading to a correction that saw it end the day at $3,936. It ended Friday with gains of more than 2%.

The 4-hour chart shows that the decline started after the asset tested bollinger’s upper band. Nonetheless, it halted the correction after around the middle band and is trading closer to the upper band.

ETH’s lingering near the upper band suggests it may still retrace in the coming days. If that happens, the asset may retrace to $3,850 or lower if the bulls fail to defend the mark. However, the coin may break above $4k before the slip.

The moving average convergence divergence aligns with the BB readings. It had a bullish crossover a few days ago, but the current reading suggests growing bearish sentiment. A closer look at the histogram reveals a lower bar, hinting at the narrowing gap between the 12 and 26 EMAs.

BNB/USD

BNB is trading at $1,115 and has stayed above $1,100 for most of Saturday. However, MACD suggests that its current will end in the coming hours.

On the 4-hour chart, the moving average convergence divergence is close to completing its bearish crossover. The histogram shows some of its tiniest bars as the 12- and 26-EMA trended closely over the last 20 hours, buoyed by the asset’s rangebound movements. 

Nonetheless, like BTC, it recently saw notable selling pressure after it tested bollinger upper band. Its recent price action suggests an ongoing attempt at halting the downtrend. However, the bollinger bands indicate a possible slip to $1,070.

BNB will likely rebound at this mark as previous price movements suggest notable demand concentration around it.

XRP/USD 

XRP recently broke above its 10-day high at $2.54. It opened Saturday at $2.51 and surged, peaking at $2.62. However, it sees slight corrections at the time of writing, and the bollinger bands are flashing warnings on the 4-hour chart.

The asset has trended close to the upper band for most of the day. As seen in recent times, the altcoin may be gearing up for a trend reversal. Nonetheless, its rejection at $2.62 may indicate further increases as the next resistance is at $2.64. XRP may retrace after testing the mark. 

The fibonacci retracement level suggests that the altcoin may tumble to the 78% mark at $2.46. However, there is a slight demand concentration at the 100% fib level.

SOL/USD

A closer look at the 4-hour chart shows that Solana is trading between bollingers middle and upper bands. Its recent price trend suggests the asset is attracting notable bullish attention. However, it is struggling to remain above $192.

Its last two candles depict growing selling pressure that may worsen. Like BTC, its recent trend began after it failed to break above the bollinger bands on Friday. Nonetheless, MACD is edging closer to a negative crossover.

If this happens, SOL will slip below bollinger’s SMA and retest its lower band at $180. However, there is notable demand concentration around $188.

DOGE/USD

The 4-hour chart shows that DOGE is grappling with significant selling pressure. It is yet to surge higher since its failed attempt at $0.20. The mark became a sell wall following several failed attempts since Oct 15.

Nonetheless, the dominant trend after testing is a slip to $0.18. Dogecoin’s recent declines suggest it may be gearing up for such a retracement. Additionally, the moving average convergence divergence prints sell signals as the gap between the 12 and 26 EMAs narrows. A crossover is imminent, hinting at further descent.

However, the bollinger bands suggest that the asset may rebound at $0.190 (the lower band).

ADA/USD

The 4-hour chart shows no strong move in ADA, as trading volume has dropped. Nonetheless, the asset has consolidated for most of Saturday and may be gearing up for a breakout.

The chart shows Cardano between bollingers middle and upper bands. Its recent price trend indicates that the asset is experiencing notable bullish attention, following its failed attempt to surge above the upper line.

The BB suggests an impending slip below the SMA. It may continue downward, testing the lower band at $0.62. Nonetheless, previous price movement depicts several rebounds at the highlighted mark.

The post Pric Predictions 10/25: BTC, ETH, BNB, XRP, SOL, DOGE, ADA appeared first on CoinTab News.